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Sunday, 01/22/2023 7:25:34 PM

Sunday, January 22, 2023 7:25:34 PM

Post# of 506
Buffett's little-known role in saving Harley Davidson

"Warren Buffett loaned about $300 million to Harley-Davidson during the financial crisis.

The motorcycle maker needed cash in the face of softer demand and liquidity drying up.

Buffett made about $150 million in five years, but could have raked in $1 billion owning the stock."

"The pair effectively loaned it a combined $600 million for five years at a hefty 15% annual interest rate."

"The high-interest loan was its only option to borrow money without giving up a stake in the company, he added".

https://www.msn.com/en-us/money/savingandinvesting/warren-buffett-loaned-dollar300-million-to-harley-davidson-during-the-financial-crisis-heres-a-look-back-at-how-he-helped-the-motorcycle-maker/ar-AA16AHtE

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